Amazon beats expectations

Amazon.com has reported increased losses, but beat analysts’ expectations with its second-quarter results.

LONDON (Brand Republic) - Amazon.com has reported increased losses, but beat analysts’ expectations with its second-quarter results.

It reported an operating loss of $89m (33 cents a share) compared with $67m (26 cents a share) for the same quarter in 1999. Net sales, however, rose 84% to $578m.

Wall Street analysts had predicted losses of 35 cents a share. Its share price had dropped following news of the departure of Joseph Galli, Amazon’s chief operating officer, on Tuesday. The price was $36.06 at close of trading yesterday, down from $37.62 the day before.



Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Brands that forge an emotional tie are best protected from copycats
Shares0
Share

1 Brands that forge an emotional tie are best protected from copycats

Forging an emotional tie with consumers is one of the strongest ways to protect your brand. Products can be copycatted, but the distinctive identity of a true brand can never be replicated argues Nir Wegrzyn, CEO of BrandOpus.

Just published